derivatives*

But glass stegal had nothing to do with the crash

nor was glass steagal fully deregulated

it was deregulated 1/4th

But thats a different topic and I'll debate that later

Why do tax cuts cause recessions? or the business cycle

I don't know how much tax cuts contribute to recessions, but my main issue with tax cuts for the wealthy is that it's harder to balance the budget and pay for programs to help Americans

But then why do you think they cause recessions?

(fun fact everytime a tax cut has happened, tax revenue has risen)

which completely goes against that thought

Not to mention, most tax cuts are for the general population ( which includes the wealthy)

I would contribute most of the blame to deregulation not tax cuts. But tax cuts do play a role as-well. For example, corporations are using their tax cuts for stock buy-backs

which artificially inflates the market

But that still doesn't explain how that causes a recession?

Stock buybacks don't do anything such

And 'fun fact' isn't true

but what do they "inflate"

Neco I can list every tax cut, and it's raised tax revenues

Coolidge tax cuts, Harding, Reagan, JFK, Bush, Trump

These are one of few

THe deficit literally went up

They inflate the stock market

Deficit due to the spending increasing

How do stock buybacks inflate the stock market?

@Neco2040 But thats not the main point actually, my point is these cycles have happened even when supply side policies haven't been in action

So it cannot be supply side policies at place

The deficit goes up every time we have cut taxes, this really isn't debatable

Nope

Coolidge cut the debt by a 1/3rd

and he cut taxes big time

It inflates the market because they are buying stock...

Buying stock does not "inflate" the market

Tax cuts causing a recession is completely irrational, giving more money to the people is much better than the central planning of the government. The economy is the people, the only people who know the demands of the people are, the people.

I think it's better if we talk about one thing at a time

So tax cuts causing recessions is irrational.

Consumers do not cause recessions.

Reagan exploded the deficit after cutting taxes, then Clinton balanced the budget, then Bush cut taxes and the deficit went up again, then Obama cut the deficit, and now the deficit is up after the Trump tax cuts

Clinton cut taxes

He increased the top marginal tax rate

But we must see why the deficit went up

Spending